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US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas

Latest, Natural Gas, US News / By

U.S. natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 …

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OPEC Gives Haitham Al-Ghais Second Term as Secretary-General

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Kuwaiti’s tenure as OPEC’s top official extended to mid-2028 OPEC+ delayed output restart last week to defend oil prices OPEC appointed Haitham Al-Ghais for a second three-year term as its secretary-general, extending his tenure until mid-2028. The Kuwaiti oil executive has been the top official at the Organization of Petroleum Exporting Countries since mid-2022. OPEC and its allies agreed …

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U.S. Sees Small Global Oil Deficit in 2025 in Outlook Reversal

Conventional Energy, Latest, Oil, US News / By

Global demand to exceed output by 100,000 barrels a day IEA last month forecast 1 million barrel-a-day surplus The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a day in 2025, according to a monthly report from …

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LNG Seeks a Future Under Mounting Climate Pressure

CDN and International News, Conventional Energy, Latest, LNG / By

Bloomberg News Police vans cordoned off Berlin’s Adlon Kempinski hotel Tuesday as environmental protesters attempted to disrupt an energy conference, splashing green paint against the side entrance of the luxury venue by the Brandenburg Gate. Inside, the global liquefied natural gas industry gathered to debate its future. Having largely turned the page on energy price …

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OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

CDN and International News, Energy Topics & Technology, Latest, Oil, OPEC / By

Group makes fifth reduction to estimate amid signs of weakness Alliance agreed last week to delay, slow revival in its output OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs. The Organization …

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Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out

Latest, Renewable Energy, Solar, US News, Wind / By

Summary Acadia Infrastructure Capital launches new coalition Microsoft helps back first green energy project Looks to tap more companies; bolster local communities (Reuters) – U.S. investor Acadia Infrastructure Capital and companies including Microsoft  are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead told Reuters. Launching the …

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U.S. Weighs New Russia Oil Sanctions to Weaken Putin Ahead of Trump, Bloomberg News Report

CDN and International News, Conventional Energy, Latest, Oil / By

The U.S. government is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House, Bloomberg News reported on Tuesday. The details of the new measures are not yet finalized but President Joe Biden’s team was considering …

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Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude futures gained 75 cents, or 1.04%%, to $72.94 a barrel by 1011 GMT, while U.S. West Texas Intermediate crude futures rose 75 cents, or 1.09%, …

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